XRP/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.343716 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.458800000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.539300000 |
| 2nd High | 1.524300000 |
| Next High | 1.458800000 |
| Current Price | 1.389900000 |
| Next Low | 1.283300000 |
| 2nd Low | 1.277500000 |
| 3rd Low | 1.095300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing